Zacks: Analysts Set $2.00 Price Target for Permianville Royalty Trust (NYSE:PVL)

Shares of Permianville Royalty Trust (NYSE:PVL) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus price target of $2.00 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Permianville Royalty Trust an industry rank of 98 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of Permianville Royalty Trust from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Friday, July 19th.

PVL opened at $2.54 on Friday. Permianville Royalty Trust has a fifty-two week low of $1.70 and a fifty-two week high of $3.75. The firm has a market cap of $83.16 million, a price-to-earnings ratio of 1.68 and a beta of 1.46. The stock has a 50-day simple moving average of $2.68.

Permianville Royalty Trust (NYSE:PVL) last posted its earnings results on Friday, May 10th. The company reported $0.03 earnings per share for the quarter. Permianville Royalty Trust had a net margin of 32.16% and a return on equity of 15.37%. The company had revenue of $9.84 million for the quarter. On average, equities research analysts expect that Permianville Royalty Trust will post 0.24 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be given a $0.021 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date of this dividend is Tuesday, July 30th.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates a statutory trust. It owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.

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